Whole Foods Market Inc Reports 22% Fall In Q3 Earnings

(RTTNews) - Whole Foods Market Inc (WFM) reported earnings for third quarter that declined from last year.

The company said its profit declined to $120 million, or $0.37 per share. This was down from $154 million, or $0.43 per share, in last year's third quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.9% to $3.70 billion. This was up from $3.63 billion last year.

Whole Foods Market Inc earnings at a glance:

-Earnings (Q3): $120 Mln. vs. $154 Mln. last year. -Earnings Decline (Y-o-Y): -22.1% -EPS (Q3): $0.37 vs. $0.43 last year. -EPS Decline (Y-o-Y): -14.0% -Analysts Estimate: $0.37 -Revenue (Q3): $3.70 Bln vs. $3.63 Bln last year. -Revenue Change (Y-o-Y): 1.9%

-Guidance: Next quarter EPS guidance: $0.23 - $0.24